Analysis by Grade (Food Grade, Industrial Grade, and Pharmaceutical Grade); by Form (Solution/Liquid Gaur Gum, and Gaur Gum Powder); by Function (Thickening, Gelling, Agent, Others), and End Use. {Oil & Gas (Oil Well Drilling, and Fracturing), Food & Beverages (Bakery & Confectionery Products, Dairy & Frozen Products, Sauces & Dressings, and Others), Mining & Explosives, Paper Manufacturing, and Others)} – Supply & Demand Analysis & Opportunity Outlook 2022-2035
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The India guar gum market is estimated to garner a revenue of USD 118.72 Million by the end of 2035 by growing at a CAGR of 7.72% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 53.27 Million in the year 2022. The growth of the market can be attributed to growing demand for convenience food owing to the growing working population in India. Additionally, rising population, rising disposable incomes, rural-urban migration, and increased rural per capita productivity have resulted in significant shifts in food consumption preferences and production patterns in India. Further, drive-through restaurants, takeout food, microwave dinners, grocery delivery to the home, and internet shopping are all growing in popularity, which has an impact on the sale of convenience foods. About 80% of customers who use delivery apps to purchase food claim to do so out of convenience. Another, approximately 13% claimed it was owing to the discounts these applications offered, while about 4% cited a better selection. Hence the demand for convenience food is estimated to increase further, boosting the growth of the market.
Additionally, the uses of guar gum are also growing in oil and gas industry. Guar gum's application in hydraulic fracturing, the process of using high pressure to fracture rock, to stimulate oil and gas wells, has given it significant commercial importance presently. Sand could be carried into fractured rock by the fracturing fluid becoming thicker owing to guar gum. Sand is present in this fracture, keeping it open and providing a pathway for gas or oil to flow to the well bore. The guar derivatives hydroxypropyl guar (HPG) and carboxymethyl hydroxypropyl guar (CMG) are used in fracturing fluids (CMHPG). Further, guar gum thickens dye solutions used in textile and carpet printing, making it possible to create prints with sharper details. Moreover, the growing demand for dairy products is also estimated to drive the growth of the market. Owing to its ability to bind water, guar gum plays a significant role in stabilizing ice cream. Since HTST methods need hydrocolloids that could fully hydrate in a short processing time, its application in these processes is particularly advantageous.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR for Revenue |
7.72% |
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Base Year Market Size in Revenue (2022) |
USD 53.27 Million |
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Forecast Year Market Size in Revenue (2035) |
USD 118.72 Million |
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Regional Scope |
India |
Growth Drivers
Growing Prevalence of Obesity Among People- India has a 40.3% obesity prevalence rate. South had the most zonal variance at 46.51%, and east had the lowest variation at 32.96%. Obesity rates were greater in urban than rural areas (44.17% vs. 36.08%), among women than men (41.88% vs. 38.67%), and among people over 40 than those under 40 (45.81% vs. 34.58%). Hence the demand for guar gum is estimated to increase. Guar gum may help with appetite suppression and weight loss, according to certain research. Fiber typically passes through the body undigested and may work to increase feelings of fullness while decreasing appetite. Further, people have become more health conscious and hence the preference is growing among them. Also, guar gum has no toxic chemical composition which is why they are more in demand among health-conscious people.
Rising Production of Paper and Pulp - The output of paper in India has increased significantly throughout the years, rising from about 19 million tonnes in 2017–2018 to approximately 24 million tonnes in 2019–2020.
Surge in Export of Processed Food from India - The Directorate General of Commercial Intelligence and Statistics (DGCI&S) recently released preliminary data showing that the total export of agricultural and processed food products doubled to USD 9598 million in April–July 2022 from USD 7397 million during the same period of the previous fiscal. In the first four months of the current Financial Year 2022-23 (April-July), as compared to the same period of FY 2021-22, exports of agricultural and processed food products increased by 30%.
Increase in Adoption of Dairy Products - In India, more than 200 million metric tonnes of milk were consumed domestically as of 2022. When compared to the prior year, when the consumption amount was approximately 198 million metric tonnes, this represented an increase.
Upsurge in Production of Gaur Gum - Across the world, India produces 80% of the guar, with Rajasthan providing 72% of the total.
Challenges
The India guar gum market is segmented and analyzed for demand and supply by form into solution/liquid guar gum and guar gum powder. Out of which, the solution/liquid guar gum segment is anticipated to grow at a highest CAGR of 8.03% over the forecast period. The growth of the segment can be attributed to growing preference of people for health centric beverage products owing to rise in health-conscious people. Consumers who are concerned about their health are predicted to increase from about 107 million in 2020 to approximately 175 million in 2026. Substantial increase would be seen across categories including healthy snacking, with alternatives such as biscuits, fruit snacks, snack bars, and trail mixes leading expansion, following by nutritious dairy products. Additionally, guar gum's resistance to breakdown under the low pH conditions found in beverages is a key characteristic. Guar gum is simple to utilize in beverage processing facilities since it is soluble in cold water. It extends the beverage's shelf life.
The India guar gum market is also segmented and analyzed for demand and supply by grade into food grade, industrial grade and pharmaceutical grade. Amongst which, the food grade is anticipated to garner the highest revenue of USD 56.04 Million by the end of 2035, up from a revenue of USD 24.66 Million in the year 2022. Further, the segment is estimated to grow at a CAGR of 7.91% over the forecast period, backed by increasing demand for low-cost natural food additives as food manufacturers seek a less expensive and healthier alternative to chemically laden additives. Hence, food grade guar gum powder, an organic powder with a variety of particle sizes and viscosities, is used in the food industry as a thickener, emulsifier, and stabilizer for numerous food items. Noodles, sauces and dressings, pet food, soups, pastry ices, meat, drinks, processed cheese, dairy/ice cream products, and bakery items are just a few of the products that contain food grade guar gum for emulsification, thickening, gelling, and stabilization.
Our in-depth analysis of the India guar gum market includes the following segments:
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By Grade |
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By Form |
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By Function |
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By End-Use |
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Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the India guar gum market that are included in our report are, Nuevo Polymers Pvt. Ltd., Hindustan Gum & Chemicals Limited (Hichem), Vikas WSP Limited, Sunita Hydrocolloids Pvt. Ltd., Vasundhara Gums and Chemicals, Lotus Gums & Chemicals, Rama Gum Industries Limited, Dabur India Limited, India Glycols Limited, Neelkanth Polymers, Premcem Gums Pvt. Ltd., Jai Bharat Gum & Chemicals Ltd., Chimique India Ltd., and others.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Ans: The major factor estimated to boost the growth of the market are growing prevalence of obesity among people, rising production of paper & pulp, surge in export of processed from India, and others.
Ans: The market is anticipated to attain a CAGR of 7.72% over the forecast period, i.e., 2023 – 2035
Ans: Volatility in prices of guar gum, availability of substitutes, and raw material storage are estimated to be the growth hindering factors for the market expansion.
Ans: The major players in the market are Nuevo Polymers Pvt. Ltd., Hindustan Gum & Chemicals Limited (Hichem), and more.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company
Ans: The market is segmented by grade, form, function, and by end-use.
Ans: The solution/liquid guar gum segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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